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> Sending small to large quantities of wealth worldwide quasi instantly and with small fees does have a tremendous value. Last I checked Bitcoin transactions a
by pluma 9y ago
> Sending small to large quantities of wealth worldwide quasi instantly and with small fees does have a tremendous value.
Last I checked Bitcoin transactions are frequently prohibitively expensive for microtransactions if the transaction clears at all. OTOH I can send someone in my own country money from my bank account and expect it to arrive within a business day (or less).
Right now it doesn't look like BTC is a good medium for transferring money. It's immutable and publicly verifiable and maybe that's good for some kinds of transactions but I guess most people would raise privacy concerns over that (yes, you can get around that but you basically have to apply money laundering techniques).